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Trump Authorizes Release From Strategic Petroleum Reserve

OilPrice.com Monday, 16 September 2019
Following the news of a drone attack on a Saudi oilfield, which sparked concern about global supply security, President Trump said he had authorized a release from the Strategic Petroleum Reserve. β€œBased on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount sufficient to keep the markets well-supplied,” the U.S. President said in a tweet late on Sunday. β€œI have also informed all appropriate agencies…
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Video credit: Wochit Business - Published
News video: Trump Orders Use Of Emergency Oil Reserves

Trump Orders Use Of Emergency Oil Reserves 00:49

President Donald Trump is authorizing the use of oil from the country's emergency reserve. The move comes after Saturday's attack on Saudi Arabian oil facilities disrupted the global supply of crude. CNN reports Trump said he would use enough oil "sufficient to keep the markets well-supplied." I have...

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